Ant Group’s Scuttled IPO Leaves Foreign Investors in the Dark

Early Chinese investors less likely to lose money

The logo of Ant Group at its headquarters in Hangzhou city, Zhejiang Province, China, on Oct. 29, 2020. Aly Song/Reuters

News Analysis

Early investors in China’s fintech giant Ant Group thought they were in line for a massive payday—that is, until Ant’s highly anticipated initial public offering last year was suddenly scuttled by Chinese regulators.